Is Cowlitz County, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cowlitz County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Cowlitz County has remained a Seller's Market.

Key Takeaway

Cowlitz County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cowlitz County, WA

How much do homes in Cowlitz County, WA cost?

Median Sold Price

$399,601

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,453(+2.4%)

Key Takeaway

Homes in Cowlitz County have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Cowlitz County was $399,601 in May 2024, up 2.4% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $206K$249.4K
+21.1%
2 $280K$299K
+6.8%
3 $391.7K$399.9K
+2.1%
4 $476.3K$479.9K
+0.8%
5+ $500K$497.4K
-0.5%

Summary: Cowlitz County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 0.5%.

Median Sold Price Compared To Nearby Counties

Skamania County
+7.8%
Clark County
+3.0%
Cowlitz County
+2.4%
Columbia County
+2.4%
Lewis County
0.0%

Housing Supply in Cowlitz County, WA

How many homes are available in Cowlitz County, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
670733+9.4%

Summary: The Cowlitz County real estate market had 733 homes for sale in May 2024, a 9.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1313
0.0%
2 110114
+3.6%
3 331358
+8.2%
4 177197
+11.3%
5+ 3951
+30.8%

Summary: The Cowlitz County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 30.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
182162-11.0%

Asking Price vs. Sold Price

71 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

49 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cowlitz County, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 162 homes were sold or pending in Cowlitz County in May 2024, down by 11.0% month-over-month. Of the 162 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.

Days on Market for Cowlitz County, WA

How long does it take to sell a home in Cowlitz County, WA?

Average Sale Time

May 2023May 2024CHANGE
46 Days47 Days+0.9%

Summary: Homes in Cowlitz County had an average of 47 days on market in May 2024, up by 0.9% compared to last year.

Breakdown of Home Sale Times

99 Homes Were Sold
Under 30 Days

38 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cowlitz County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 162 homes were sold in Cowlitz County; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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